West African Resources reports 127,950 ounces. West African Resources stock falls 1.85 percent

Published on 10/20/2026 at 19:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie kept AUD 4.00 on October 8, 2026. West African Resources stock costs EUR 2.18 on October 20, 2026, down 1.85 percent versus Tradegate close.

Reporting and valuation facts

September quarter production reached 127,950 ounces on October 8, 2026.
Macquarie maintained an AUD 4.00 target on October 8, 2026.
West African Resources stock costs EUR 2.18 at Lang & Schwarz on October 20, 2026 at 7:18 p.m. CEST, 1.85 percent below the Tradegate close.
The next quarterly report is scheduled for November 2, 2026.

West African Resources, AU000000WAF6, Illustration mit AI erstellt.

West African Resources produced 127,950 ounces of gold in the September 2026 quarter, a record quarterly result reported on October 8, 2026 by The Motley Fool Australia. The company said year-to-date production reached 360,857 ounces against full-year guidance of 430,000 to 490,000 ounces. West African Resources stock was trading at EUR 2.18 at Lang & Schwarz on October 20, 2026 at 7:18 p.m. CEST, down 1.85 percent versus the Tradegate close of October 19, 2026 at EUR 2.22.

Kiaka lifts quarterly output

Kiaka produced 76,030 ounces in the September quarter, up 13.00 percent from the previous quarter, while Sanbrado contributed 51,920 ounces, according to The Motley Fool Australia. Gold sales totaled 135,245 ounces at an average realized price of USD 4,240 per ounce. The company maintained its 2026 production guidance while development work continued at the M5 South underground deposit.

Stock position and peer values

The ASX quote was AUD 3.51 on October 20, 2026 at 4:10 p.m. AEDT, with a 52-week range of AUD 2.51 to AUD 4.06. West African Resources had a market capitalization of AUD 4.0 billion and a P/E ratio of 4.17. Evolution Mining traded at AUD 12.33, down 1.44 percent, with a P/E ratio of 16.89 and market capitalization of AUD 25.2 billion. Perseus Mining traded at AUD 6.06, down 1.30 percent, with a P/E ratio of 13.68 and market capitalization of AUD 8.0 billion.

What does the AUD 4.00 target imply?

Markets Insider reported on October 8, 2026 that Macquarie maintained a Buy rating and an AUD 4.00 price target. That target was 13.96 percent above the ASX price of AUD 3.51 on October 20, 2026. The next quarterly report is scheduled for November 2, 2026, according to Intelligent Investor.

Comparison with peers

West African Resources: down 1.85 percent versus the Tradegate close, P/E 4.17, market capitalization AUD 4.0 billion. Evolution Mining (ASX, AUD): down 1.44 percent, P/E 16.89, market capitalization AUD 25.2 billion. Perseus Mining (ASX, AUD): down 1.30 percent, P/E 13.68, market capitalization AUD 8.0 billion.

Gold output remains the key measure

The September quarter put West African Resources at 83.92 percent of the lower end of its annual production guidance after three quarters. The operating comparison is favorable on volume, but the company's next report will add cost and cash-flow detail to the production picture. The stock was trading at EUR 2.18 at Lang & Schwarz on October 20, 2026 at 7:18 p.m. CEST, 1.85 percent below the Tradegate close of October 19, 2026 at EUR 2.22. The further course of trading is shown by the continuously updated real-time quote of West African Resources stock.